Contact Us 020 7292 4710 020 7292 4710

Welcome to
MORGAN PRYCE’S KNOWLEDGE CENTRE


Our Knowledge Centre combines a unique set of useful tools to assist ALL office movers. Use our moving guides, office space calculator, dynamic rental map and other tools to get an idea of what type of office your company needs. We’ll make sure you get there.
Register for FREE now and get full access.

Enter

South bank making a rise

13th April 2015

South bank making a rise

South of the river Thames has made massive progress as a desirable location over the years. It was once seen as a good option when looking for lower rents, in 2010 there was about £40 ps. ft. difference on a new build price in South Bank and the West end new builds. This gap has now closed drastically and is less than £5 ps. ft. There are many reason for this change, it can be put down to improved transport links in south bank and a change in the market with warehouse and industrial style building becoming increasingly popular. It not necessarily that traditionally West end occupiers are moving below the Thames, more that other business are seeing the desirability of locating there. 

South bank currently has one of the lowest vacancy rates in all of London and the rents are rising quickly as a result. The 20 year average vacancy rate for south of the river, however it is not down to 2.85%. This indicates that the rise in rents is not slowing down. In 2014 rents increased by 15.8% and are forecasted to grow another 10% in the coming year. 

Teresa Beatty a commercial surveyor at Morgan Pryce said “A lot of our clients will consider both the West end and south of bank for their office location, it is no longer seen as secondary choice.” 

This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.


Login and get FULL AND FREE ACCESS to our unique Knowledge Centre.

Please note that we will not share your information with any third parties.

Forgot your password?

Please enter the email address used to create your account and follow the instructions to recover your password.

Didn’t receive an email? Check your spam inbox!

Create Your Account

Instructions have been sent to

Well Done!

Please check your inbox for a confirmation email.
You can manage your account details, email alerts and shortlists directly from your account.

or continue browsing

Loading...

Thank you for confirming your email address! You are now subscribed to our Newsletters.

By continuing your browsing on this site, you agree to the use of cookies used to perform visit statistics.

Accept